In order to protect your legacy and your heirs from excessive taxation, you should apply tax avoidance principles to wealth transfer. Still, it requires careful planning and oversight to ensure techniques don’t cross the line to tax evasion. Assessing tax… Read more »
Tag: Estate Planning Attorney
Trusts Are Important Estate Planning Tools
An estate plan involves distributing property and money after a loved one dies. Though many people are familiar with wills as a means of distributing assets, trusts can be even more effective. A trust is a legal arrangement where a… Read more »
What Is the Process of Estate Administration?
The estate administration process involves managing a deceased person’s assets and distributing them to their beneficiaries. This process typically includes identifying and inventorying the decedent’s assets, paying debts and taxes, and distributing any remaining assets to the beneficiaries named in… Read more »
Elder Law and Estate Planning: How They Differ
Estate planning and elder law differ from each other when it comes to planning for your future financial affairs and health care needs. Estate planning and elder law also have some similarities. Even though these two types of law are… Read more »
The Most Significant Transfer of Wealth in US History
History has never seen a financial situation quite like this before. Baby boomers preparing to pass on their legacies through estate plans put America on the brink of the largest ever transfer of wealth. Over the next 25 years, projections estimate 68.4… Read more »